ABN AMRO reported a third-quarter net profit of €940 million on Wednesday, 11 November 2026, up 52% on the €617 million earned in the same quarter a year earlier. The Dutch bank said the result was helped by solid commercial momentum, a favourable interest-rate environment and the first contribution from NIBC, the mortgage and savings lender it brought into the group on 1 August.

The result was comfortably ahead of the roughly €782 million expected by analysts, according to a consensus compiled by the company. Basic and diluted earnings per share rose to €1.09, from €0.67 a year earlier, while profit before tax increased by 54% to €1.247 billion.

Net interest income drives the beat

Net interest income, the difference between what the bank earns on loans and pays on deposits, rose 15% year on year to €1.822 billion. Total operating income increased 22% to €2.641 billion, while operating expenses were broadly flat at €1.405 billion, bringing the cost-to-income ratio down to 53.2% from 64.9% a year earlier.

Chief executive Marguerite Bérard said the bank had delivered “another strong quarter, characterised by solid commercial momentum, net impairment releases and further progress on our strategic priorities”. She added that the Dutch economy had remained resilient, supported by domestic demand, even as inflation rose on higher energy prices.

Credit quality remained sound. The bank recorded €11 million of net impairment releases in the quarter, as individual impairments were offset by model-related releases. Its common equity tier 1 ratio, a key measure of capital strength, stood at 15.3% after taking account of the NIBC acquisition.

Guidance raised for 2026

ABN AMRO raised its guidance for full-year 2026 commercial net interest income to above €6.9 billion, after commercial net interest income grew by about 7% quarter on quarter. It kept its guidance for full-year costs at around €5.5 billion.

The bank said NIBC strengthened its position in mortgages, adding about €15 billion, and in savings, adding about €13 billion. Personal and business banking increased net profit by 25% quarter on quarter, supported by the inclusion of NIBC, while wealth management continued to attract new client money, with core net new assets of almost €4.1 billion so far this year.

ABN AMRO also noted that the European Central Bank raised its deposit rate by 25 basis points to 2.50% in September in response to inflationary pressures, a move that has supported banks’ lending margins. On 7 October, the Dutch state announced a new trading programme to reduce its shareholding in the bank to 10.5%, the fifth such plan since early 2023.

For the first nine months of 2026, net profit rose 31% to €2.413 billion. The bank said it had already exceeded its current financial targets and would update them next quarter.